- Northrop Grumman (NOC +0.3%) won a five-year contract valued at up to $9.9B from the U.S. Air Force to modernize and support the B-2 stealth bomber, the Pentagon announced late yesterday.
- The contract calls for B-2 enhancements, software maintenance, and other support services, including scheduled maintenance of the bombers.
- The Defense Department has expressed a need for 80-100 new bombers, and NOC faces competition from the team of Boeing (BA) and Lockheed Martin (LMT), which last October announced a partnership to compete for the LRS-B program that will replace the B-2.
From other sites
Northrop Grumman : Photo Release -- Global Hawk Earns Unprecedented Third Consecutive Sustainment Awardat 4-traders.com (Mon, 8:54AM)
at 4-traders.com (Mon, 8:01AM)
at Zacks.com (Mar 26, 2015)
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